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== Impact on labor == The number of tellers in the United States increased from approximately 300,000 in 1970 to approximately 600,000 in 2010. A contributing factor may have been the introduction of automated teller machines. ATMs allow a branch to operate with fewer tellers, making it more economical for banks to open more branches, necessitating more tellers to staff those additional branches. Further automation and online banking, however, may reverse this increase resulting in a trend toward fewer bank teller positions.<ref>{{cite news |url=https://www.recode.net/2017/5/8/15584268/eric-schmidt-alphabet-automation-atm-bank-teller |title=Eric Schmidt said ATMs led to more jobs for bank tellers. It's not that simple. |date=8 May 2017 |author=Tess Townsend |work=Recode}}</ref>
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